Flame Arrestors Market Upcoming Demands and Growth Analysis with Worldwide Industry Analysis by 2027
As per the Market Research Future Reports (MRFR), the Global Flame Arrestors Market is likely to expand at a 5.50% CAGR during the review period and the market size is estimated to value USD 10.1 billion by 2025.
The increasing
demand for flame arrestors in the major end-use sector, government rules
concerning workplace safety, expansion of the shale gas and tight oil
initiatives, and increasing demand for flame protection in systems,
ventilation, large storage, pipelines, and tanks are some of the expanding
elements which propel the global flame arrestors market 2020. However, market
expansion is obstructed because of the monitoring of industrial safety in developing
nations.
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Global Flame
Arrestors Market Segmentation
The global flame
arrestors market can be segregated into type, end-user, application, and
region.
On the basis of Type,
the global flame arrestors market can be segregated as end-of-line and in-line.
On the basis of Application,
the global flame arrestors market can be segregated into the pipeline, storage
tank, incinerator, ventilation system, and others.
On the basis of End-User,
the global flame arrestors market is segregated into oil & gas, chemical,
metals & mining, waste-to-energy plant, pharmaceutical, and others.
On the
basis of Region, the global flame arrestors market can be segregated
into Europe, Asia-Pacific, North America, and the rest of the world.
Global Flame
Arrestors Regional Analysis
On the basis of region, the global market for flame
arrestors is classified into Europe, North America, Asia-Pacific, and the rest
of the world. Europe's flame arrestors market is estimated to experience the
maximum CAGR.
The Asia-Pacific region is estimated to acquire the maximum
market share in the worldwide flame arrestors market during the review period.
This expansion is accredited to increasing foreign direct investment in the
manufacturing vertical, and the growth of pharmaceutical, oil and gas, chemical
processing, manufacturing industry, and power generation. Moreover, the robust
fiscal expansion in developing nations like India and China also participates
in the expansion of the market.
The North American flame arrestors market is estimated to
experience a significant expansion rate due to the strict government
regulations concerning the safety characteristics in end-use sectors and the
existence of crucial flame arrestors’ producers in Canada and the US. In the
North American region, the US is speculated to seize the maximum share in the
flame arrestors market because of the growth in oil and gas activities and
increasing end-user sectors.
Europe flame arrestors industry is estimated to experience
considerable expansion because of the existence of a number of developed
nations and their willingness to adopt safety measures at the workplace. In the
European region, Germany is likely to seize the maximum share in the market
because of the existence of important producers and rigid government
regulations concerning safety features in the end-user sector.
The Rest of the World comprises of South America and the
Middle East & Africa. The flame arrestors market in the Middle East &
Africa is likely to show considerable expansion because of the growth of
international competitors and higher expenditure. The South American region has
a considerable expansion rate because of a rising number of producers and
rising research and development initiatives by the important players.
Additionally, government rules concerning industrial safety and important
producers are increasing their presence in the region grows the demand for
flame arrestors in the region.
Global Flame Arrestors Key Players
The global flame
arrestors market has several players standing at the forefront. The major
competitors are Elmac Technologies (UK), Emerson Electric Co. (US),
Braunschweiger Flammenfilter (Germany), L&J Technologies (US), Morrison
Bros. Co. (US), Tornado Combustion Technologies (US), Motherwell Tank
Protection (UK), Protectoseal (US), Ergil (Germany), Westech Industrial (US)
and few others.
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Scope of the Report
This study provides an overview of the global flame arrestors market,
tracking three market segments across four geographic regions. The report
studies key players and provide an eight-year annual trend analysis, which
highlights market size, volume, and share for Europe, North America,
Asia-Pacific, and the Rest of the world. The report also provides a forecast,
which focus on the market opportunities during the forecast period for each
region. The scope of the study segments the global flame arrestors market by
application, vehicle type, sales channel, and region.
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